Agree re the project- it was with great relief that I saw the...

Agree re the project- it was with great relief that I saw the ANN. Gold is, in a way, less complex than rentals- the market gets gold. Good Directors coming in, too.

We still have a few months to wait on this one. Consolidation @ 200:1 means we start with a 20c price. webral, it was always going to be harder to raise blind the first time, with no knowledge of an upcoming project- the shell dilemma- hence the prior shortfall. However, we now have a Top 20 with 82% holdings. We'll end up with 70m shares, and a market cap, undiluted, ordinary shares only, of about $14m, which is not a bad starting place. We need some SI's coming in, or other investors to raise the $6m on the extra shares, so we have some free float.

I did some reading on these mines and locations last night. It seems a good area, and there looks to be opportunity for joint ventures, etc, with other miners in the area. Just a waiting game now.